Commercial Real Estate

Apogem Capital is leaving Riverfront Plaza in favor of the 10,000-square-foot space that was left vacant by now-defunct ad agency Yebo. 

Fulton Hill paid $1.8 million for the site in 2022. It’s the second recent listing in the Westwood area that includes approved plans and entitlements.

Behind the 78-unit project is a Bristol, Virginia-based firm that exclusively builds housing developments for lower income residents.

The hillside around Tredegar is alive with activity with structures taking shape for the Richmond Amphitheater and new CoStar tower and expansion.

The four-story townhomes are a change from an earlier plan that called for an office development to support the larger Bacova community.

The work signals the start of a mixed-use development that VUU has planned for the 1-acre site, which it purchased five years ago for nearly $3 million.

The land on Ashland Road is where Panattoni Development Co. had been pursuing the codenamed industrial development before pulling the plug on the project late last year.

For the second time in as many years, Gagan Marwaha saw a totally empty office building as an opportunity. “We don’t go buy stabilized assets,” he said.

The properties, which include the buildings housing Hild’s shuttered Dogtown Brewing, Hot Diggity Donuts and Butterbean cafe, will soon be headed to auction.

The utility giant recently began work to restore and reopen the sidewalks and traffic lanes around the vacant city block it owns at 701 E. Cary St., while future plans for the site are still unknown.